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Fiduciary Duty
A legal or ethical relationship of trust where one party, the fiduciary, acts in the best interest of another, the principal or beneficiary.
Delaware
A state in the United States known for its business-friendly laws and courts, which make it a popular jurisdiction for incorporating companies.
Publicly Traded Corporations
Companies whose shares are offered for sale to the general public through a stock exchange.
State
A politically organized body of people usually occupying a definite territory; especially one that is a constituent of a federal republic like the USA.
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